Imo all Traders are watching the Level 750-780 at present. The Chart in my illustrated view is still bearish. (still a classical falling knife Situation) Here many People could have istalled their SLs below that Level. Should we really break through that Level (former BO-Level) i exspect a massive and very fast /strong selloff....TPs ~ 670/620 Trading above 780 opens the opportunity for a Long with a wonderful c r r
For further Infos feel free to have a look at my other btc-views
longterm: Buy @ 780 Sell @ 1400?
780$ = Level to watch!
Kommentare
DanielPang
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I agree with you,further drop is very high possibility,daily rsi is 30+ now,drop to 20+ is perfect.
bratiswaves
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what do you advice ? to sell lower than 760 and to buy upper 780 ?
The_Cannalyst
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it is dependeing on which side will be triggered first @BorisBezard,
The_Cannalyst
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@BorisBezard, if we trade below 750 a stoppsell is thinkable.....above 780 a stoppbuy is possible...with a good and solid MM and Position size you can minimize the risk